South Africa GDP Annual Growth Rate Down to 0.8% in Q3

The South African economy advanced 0.8 percent year-on-year in the third quarter of 2017, below an upwardly revised 1.3 percent expansion in the previous period which was the highest growth rate in two years. Still, figures matched market expectations. Mining rose faster while agriculture eased and manufacturing shrank for the fourth quarter.

On the other hand, higher growth rates were recorded for mining (3.2 percent compared to 3.1 percent in Q2) and personal services (1.5 percent compared to 1.1 percent).

On a seasonally adjusted quarterly basis, the economy expanded an annualized 2 percent, below an upwardly revised 2.8 percent growth in the previous quarter but beating market expctations of 1.5 percent. The largest contributor to growth was the agriculture, forestry and fishing industry which increased by 44.2 percent, mainly due to higher production of field crops and horticultural products.

Considering the first nine months of the year, the economy advanced 1 percent.

South Africa GDP Annual Growth Slows Less than Expected
The South African economy expanded 1.1 percent year-on-year in the fourth quarter of 2018, after an upwardly revised 1.3 percent growth in the prior period while markets had expected it to advance 0.6 percent. Slower growth was seen in internal trade, utilities and public administration while the agricultural sector shrank.Published on 2019-03-05

South Africa GDP Annual Growth Beats Estimates in Q3
The South African economy advanced 1.1 percent year-on-year in the third quarter of 2018, after expanding 0.4 percent in the prior period and above market consensus of a 0.5 percent growth. It was the strongest growth rate since the last quarter of 2017, mostly boosted by a rebound in agriculture and transport, storage and communication sectors.Published on 2018-12-05

South Africa GDP Annual Growth Slows to 0.4% in Q2
The South African economy expanded 0.4 percent year-on-year in the second quarter of 2018, slowing from a 0.8 percent growth in the previous period and below market expectations of a 1 percent expansion. It was the weakest growth rate since the first quarter of 2016 when the economy contracted 0.3 percent, as production declined mainly for in agriculture, forestry and fishing activities.Published on 2018-09-04

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The South African economy grew 0.8 percent year-on-year in the first quarter of 2018, easing from a 1.5 percent expansion in the previous period and below market expectations of 1.9 percent. It was the weakest growth rate since the second quarter of 2016, mainly due to a contraction in agriculture, forestry and fishing activities and mining.Published on 2018-06-05

South Africa GDP Grows 1.5% YoY, Strongest Since 2015
The South African economy advanced 1.5 percent year-on-year in the fourth quarter of 2017, above an upwardly revised 1.3 percent growth in the previous period and beating market expectations of 1.4 percent. It is the strongest expansion since the first quarter of 2015 supported by a rebound in manufacturing and utilities and strong growth in services.Published on 2018-03-06

South Africa GDP Annual Growth Rate Down to 0.8% in Q3
The South African economy advanced 0.8 percent year-on-year in the third quarter of 2017, below an upwardly revised 1.3 percent expansion in the previous period which was the highest growth rate in two years. Still, figures matched market expectations. Mining rose faster while agriculture eased and manufacturing shrank for the fourth quarter.Published on 2017-12-05

South Africa Annual GDP Growth at 2-Year High in Q2
The South African economy advanced 1.1 percent year-on-year in the second quarter of 2017, above 1 percent in the previous period and beating market expectations of 0.4 percent. It is the strongest annual growth rate in two years. Published on 2017-09-05

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The South African economy advanced 1 percent year-on-year in the first three months of 2017, higher than 0.7 percent in the previous two quarters and matching market expectations. It is the highest growth rate since the second quarter of 2015 due to a rebound in mining and a 2-year high jump in agriculture.Published on 2017-06-06

South Africa Annual GDP Growth Beats Expectations
The South African economy expanded 0.7 percent year-on-year in the last three months of 2016, the same as in the previous quarter and above market expectations of 0.6 percent. A recovery in agriculture and stronger growth in trade, finance, real estate, business and government services drove the expansion, offsetting contraction in mining, manufacturing and utilities.
Published on 2017-03-07

South African GDP Growth Steady at 0.7% YoY in Q3
The South African economy advanced 0.7 percent year-on-year in the September quarter of 2016, the same from an upwardly revised figure in the second quarter. It was the second straight quarter of growth, as an increase in finance & real estates activities, construction and transport & communication offset a decline in the agriculture, mining and manufacturing.Published on 2016-12-06

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The South African economy advanced 0.6 percent year-on-year in the three months to June of 2016, recovering from a downwardly revised 0.1 percent contraction in the previous period and beating market expectations of a 0.5 percent growth. It is the best performance in three quarters, mainly due to a rebound in manufacturing. Published on 2016-09-06

South African Economy Contracts For the 1st Time Since 2009
The South African GDP shrank 0.20 percent year-on-year in the first quarter of 2016, following downwardly revised 0.5 percent growth in the previous period. It is the first contraction since the fourth quarter of 2009, due to a slump in mining and quarrying and manufacturing sectors. Published on 2016-06-08

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South African Economy Slows in Q4
South Africa’s GDP expanded 1.3 percent year-on-year in the last quarter of 2014, following a revised 1.6 percent increase in the previous period. For 2014 as a whole, the economy grew 1.5 percent, the slowest pace since a 2009 recession.Published on 2015-02-24

South African Economy Expands 1.4% in Q3
South African GDP advanced 1.4 percent year-on-year in the third quarter of 2014 compared with a revised 1.3 percent expansion in the previous period. Growth was mainly driven by the services sector while mining and manufacturing shrank. Published on 2014-11-25

South African Economy Slows in Q2
South African GDP expanded a modest 1 percent over a year earlier in the second quarter of 2014, slowing for the second quarter in a row. It is the lowest growth rate since the recession in 2009, as a 5-month strike in the platinum sector dragged mining down for the second consecutive period. Published on 2014-08-26

South Africa GDP Advances 1.6% YoY in Q1
In the first quarter of 2014, South African economy advanced at a slower 1.6 percent over a year earlier, hurt by a fall in mining output. The platinum strike is now in its fifth month and is the longest in the history of South Africa's mines.Published on 2014-05-27

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In the last quarter of 2013, South African GDP growth accelerated to 2 percent over a year earlier, beating market expectations and up from a revised 1.7 percent expansion in the previous quarter mainly due to a surge in the mining sector.Published on 2014-02-25

South Africa GDP Growth Slows to 1.8% YoY in Q3
In the third quarter of 2013, South African economy slowed to a 1.8 percent annual growth rate, down from 2.3 percent in the previous three-month period, as the recover in mining and quarrying was not enough to offset a drop in manufacturing.
Published on 2013-11-26

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In the second quarter of 2013, South African GDP expanded 2 percent over a year earlier, from 1.9 percent recorded in the first quarter. Manufacturing, agriculture and services were the main source of growth, while mining contracted.Published on 2013-08-27

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In South Africa, the GDP for the first quarter of 2013 increased by 1.9 percent year-on-year, from 2.5 percent reported in the previous three months, the slowest expansion since early 2009. A slight recovery in the mining sector wasn't enough to offset a steep drop in manufacturing.Published on 2013-05-28

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